7 Things You Need to Know About Life Insurance Policies | Money Saving Tips

Finding the right life insurance for you can be confusing. That's why today I'm going to break down life insurance, how to find the right coverage, how to avoid paying too much, and many other tips!
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It’s part of a three-part video series and a partnership with Quotacy to help you understand life insurance online and help protect your family. Quotacy is an online life insurance provider specializing in term life and that portion of the population that’s not in perfect health.

Click through to get your free pre-quote in less than two minutes and shop your life insurance around for the best rate possible. https://peerfinance101.com/quotacy

In this first video of the series, I’m looking at the myths and misconceptions of life insurance. Researching for the video, I found seven facts about life insurance that most people get wrong.

These seven points are major hurdles to getting the best policy at the lowest rate. For example, most people grossly overestimate how much life insurance costs but also say that policy cost is the reason they don’t get coverage.

I’ll show you exactly how much life insurance costs and then reveal the difference between term and whole life insurance. I’ll help you to understand term life and when you premium increases, as well as how to account for this when buying life insurance.

I’ll also help you find exactly how much life insurance you need, not with guessing but how much you need to protect your family.

I’ve included a clickable index to the questions below but please watch the entire video. Understanding life insurance will help you get the best rates and the protection your family needs.

1:50 How Much Does Life Insurance Cost?
3:47 What is the Difference between Term and Whole Life Insurance?
4:35 When does my Term Life Premium increase?
5:40 Do I need a medical exam to get life insurance?
8:00 How much life insurance do I need?

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.